Kevin has been with PwC for over 20 years and joined the executive board in 2008. He was Head of Advisory from 2008 to 2012.

PwC said that Kevin has “championed new growth areas”, including cyber security, data and analytics, and sustainability and climate change to “anticipate the changing needs of clients”.

Kevin said that he was “honoured” to be elected as chairman and that helping clients “respond to the opportunities of a digital age by giving them access to high quality teams and innovative services is vital”.

He said: “I will remain focused on delivering the best of PwC to our clients while continuing to invest in our people, skills and technology – all of which are key to our future success.

“Ian Powell has led PwC through a very successful eight years and I’d like to thank him for all he has done in building such a strong firm.”

Ian Powell said: “I’ve seen at first hand Kevin’s energy, enthusiasm and commitment to our clients and people. He has made a significant contribution to the leadership of the UK firm over the past eight years and brings the right qualities, experience and skills to lead the firm to continued success.

“At a time of rapid technological change and economic opportunity I am certain that Kevin will provide strong leadership.”